Visualising Oshen view
IT'S been a long time coming - four years to be precise - but with much excitement the first sod was officially turned on Yeppoon's Oshen Apartment development yesterday.
Oshen is the first new apartment project to come out of the ground in the Yeppoon area since 2008.
The $35 million project was developed by Brisbane-based Concept Living Properties and construction by Hutchinson Builders is set to commence in 10 days.
CLP director Sandy Murdoch said apartments were being purpose-built for the growing corporate and leisure sectors.
"Owner-occupiers would enjoy living in one of Yeppoon's best residential locations and investors could look forward to strong return on investment," he said.
Project team leader for Hutchinson Builders, Michael Crocker, said Oshen was a one-off, flagship development for the region.
"It's an exceptionally designed project," he said.
Yeppoon has faced an undersupply of accommodation and Capricorn Enterprise CEO Mary Carroll said quality residential development was needed for the town to capitalise on its potential as a leisure and business hub for Central Queensland.
Project sales consultant Ross O'Reilly said pre-sales at Oshen were pushing $20 million.
Independent research by EC3 Global indicated the development would generate up to 410 new jobs and $260 million worth of economic value over 10 years.
Purchasers Roslyn and Steve Clifford, from Rockhampton, were present at the turning of the soil and said they were looking forward to having Christmas next year with their daughters in their new home.
"It's just such a beautiful spot," said Mr Clifford.
"We bought two, two-bedroom apartments and had them redesigned into a three bedroom apartment with an office.
"The developers were very good to get along with, very flexible."